Buy to let mortgage lenders cutting rates despite base rate increase.

The trend for buy to let mortgage rates is that they continue to reduce despite the increase in the base rate.

Swap rates have remained high, making the cost of mortgages for lenders more expensive. Instead of passing the increases directly on customers, however, mortgage providers have absorbed the costs themselves to maintain mortgage rates and stay as competitively priced as possible.

The average fee that mortgage providers are charging has not risen by the same percentage points when compared to previous years. This is also good news for landlords as the expenses they face when starting up or adding to a portfolio are kept to a minimum.

5 year fixed rate buy to let mortgage deals are very popular and this is where the most competition for the best rates and overall value is to be found. To compare fixed rates, or any other type of mortgage, from the whole of the market, speak to one of our advisors at Deal Direct.

We are regulated to offer independent mortgage advice; however, we are not regulated to offer general financial advice. If you want to discuss the suitability of a property as an investment, you will need to contact an independent financial adviser.

Please note:

Buy to let mortgage applications from:

applicants whose intention is to benefit from house price growth

applicants whose intention is to benefit from rental income

applicants who are letting to buy

will be treated as a normal buy to let and not as a consumer buy to let. In addition, their subsequent remortgage applications will also be treated in the same manner.

Deal Direct is a trading style of Deal Direct Financial Solutions Ltd which is authorised and regulated by the
Financial Conduct Authority for regulated mortgage and non-investment insurance contracts.
Our FCA Number is 478726. The overall cost for comparison is estimated to be 4.95% APR. Subject to circumstances,
a completion fee may be payable, typically £198 upfront
& £799 on completion.
If your circumstances or history involves any adverse credit, complex situations or a commercial element then
this may increase to a maximum of £2594 with a minimum of £99 payable upon application.
Your adviser will, in all cases, confirm all costs in writing prior to any application being made.

Any reference to the Financial Services Authority (FSA) in any of our documentation should be read as Financial Conduct Authority (FCA)

Whilst we are a whole of market broker some lenders are not displayed in our online search tools please see a list here